Publisher: Maaal International Media Company
License: 465734
The overnight interest rates among Saudi banks known as “SIBOR,” charged on Saudi Riyal as well as US Dollar denominated deposits, rose for the 3rd month in a row, hitting 0.5218% at the end of December 2021, up 55% on yoy, from 0.3367% in 2020, pushing it to the highest level ever.
Below, is a detailed table, depicting SIBOR figures, for both Saudi & US currencies’ deposits, in 3, 6, 9 and 12-month, from Dec 2020 to Dec 2021:
SIBOR on deposits in Saudi Riyal, US Dollar | ||||||||
On Saudi Riyal Deposits | On US Dollar Deposits | |||||||
Month | 3 Months | 6 Months | 12 Months | Month | 3 Months | 6 Months | 12 Months | |
Dec 2020 | 0.6608 | 0.8233 | 0.8736 | 0.9443 | 0.1493 | 0.2326 | 0.2572 | 0.3367 |
Jan 2021 | 0.6533 | 0.8171 | 0.8673 | 0.9391 | 0.1287 | 0.2227 | 0.2421 | 0.3224 |
Feb 2021 | 0.6481 | 0.8078 | 0.8549 | 0.9275 | 0.1144 | 0.1894 | 0.2049 | 0.2958 |
March 2021 | 0.6405 | 0.7968 | 0.8441 | 0.9171 | 0.1075 | 0.1904 | 0.2007 | 0.2796 |
April 2021 | 0.6373 | 0.7970 | 0.8441 | 0.9170 | 0.1115 | 0.1870 | 0.2107 | 0.2844 |
May 2021 | 0.6343 | 0.7921 | 0.8415 | 0.9147 | 0.0964 | 0.1529 | 0.1866 | 0.2642 |
June 2021 | 0.6343 | 0.7920 | 0.8421 | 0.9143 | 0.0865 | 0.1326 | 0.1598 | 0.2435 |
July 2021 | 0.6343 | 0.7931 | 0.8443 | 0.9143 | 0.0934 | 0.1308 | 0.1561 | 0.2410 |
August 2021 | 0.6369 | 0.7951 | 0.8443 | 0.9143 | 0.0898 | 0.1244 | 0.1544 | 0.2360 |
Sep 2021 | 0.6420 | 0.8005 | 0.8491 | 0.9188 | 0.0838 | 0.1225 | 0.1516 | 0.2261 |
Oct 2021 | 0.6552 | 0.8167 | 0.8640 | 0.9377 | 0.0847 | 0.1271 | 0.1676 | 0.2861 |
Nov 2021 | 0.6682 | 0.8382 | 0.8868 | 0.9570 | 0.0901 | 0.1590 | 0.2304 | 0.3914 |
Dec 2021 | 0.6906 | 0.8736 | 0.9284 | 1.0088 | 0.1038 | 0.2058 | 0.3080 | 0.5218 |